YRC Worldwide’s (YRCW) Buy Rating Reiterated at Aegis
YRC Worldwide, Inc. (NASDAQ:YRCW)‘s stock had its “buy” rating restated by equities researchers at Aegis in a research note issued on Saturday. They currently have a $20.00 price target on the transportation company’s stock. Aegis’ price objective would indicate a potential upside of 61.94% from the company’s current price.
YRCW has been the topic of several other reports. Zacks Investment Research upgraded YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Thursday, July 13th. BidaskClub upgraded YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 target price (up from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.75.
Shares of YRC Worldwide (NASDAQ:YRCW) opened at 12.35 on Friday. The firm has a 50-day moving average price of $12.66 and a 200 day moving average price of $11.21. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $16.97. The stock has a market cap of $414.12 million, a price-to-earnings ratio of 4116.67 and a beta of 3.77.
YRC Worldwide (NASDAQ:YRCW) last announced its earnings results on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts expect that YRC Worldwide will post $0.82 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the stock. Deprince Race & Zollo Inc. purchased a new stake in shares of YRC Worldwide in the first quarter valued at approximately $143,000. Strs Ohio purchased a new stake in shares of YRC Worldwide in the first quarter valued at approximately $164,000. Marshall Wace North America L.P. purchased a new stake in shares of YRC Worldwide in the second quarter valued at approximately $168,000. Prudential Financial Inc. purchased a new stake in shares of YRC Worldwide in the first quarter valued at approximately $177,000. Finally, Voya Investment Management LLC boosted its stake in shares of YRC Worldwide by 18.7% in the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after buying an additional 2,720 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
YRC Worldwide Company Profile
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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